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Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment [Member]
Private Placement [Member]
Common Stock [Member]
Common Stock [Member]
Private Placement [Member]
Preferred Stock [Member]
Preferred Stock [Member]
Private Placement [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
Private Placement [Member]
Retained Earnings [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive (Gain) Loss, net
Beginning Balance at Dec. 31, 2022 $ 248,793     $ 195,960       $ 252   $ 97,682   $ (45,101)
Beginning Balance, Shares at Dec. 31, 2022       18,950,329                
Net income (loss) (46,014)                 (46,014)    
Other comprehensive income (loss) (8,675)                     (8,675)
Dividends on common stock (4,641)                 (4,641)    
Stock option exercises 26     $ 26                
Stock option exercises, Shares       3,750                
Restricted stock awards, net of forfeitures 1,382     $ 1,382                
Restricted stock awards, net of forfeitures, Shares       230,955                
Dividend reinvestment plan issuances 77     $ 77                
Dividend reinvestment plan issuances, shares       7,437                
Ending Balance at Sep. 30, 2023 182,837 $ (8,111)   $ 197,445       252   38,916 $ (8,111) (53,776)
Ending Balance, Shares at Sep. 30, 2023       19,192,471                
Beginning Balance at Jun. 30, 2023 231,271     $ 196,990       252   80,287   (46,258)
Beginning Balance, Shares at Jun. 30, 2023       18,933,637                
Net income (loss) (41,371)                 (41,371)    
Other comprehensive income (loss) (7,518)                     (7,518)
Restricted stock awards, net of forfeitures 446     $ 446                
Restricted stock awards, net of forfeitures, Shares       257,797                
Dividend reinvestment plan issuances 9     $ 9                
Dividend reinvestment plan issuances, shares       1,037                
Ending Balance at Sep. 30, 2023 182,837 $ (8,111)   $ 197,445       252   38,916 $ (8,111) (53,776)
Ending Balance, Shares at Sep. 30, 2023       19,192,471                
Beginning Balance at Dec. 31, 2023 185,989 [1]     $ 197,636       252   33,157   (45,056)
Beginning Balance, Shares at Dec. 31, 2023       19,198,379                
Net income (loss) (13,382)                 (13,382)    
Other comprehensive income (loss) 10,573                     10,573
Issuance of stock and warrants from Private Placements, net of issuance costs     $ 152,148   $ 102,108   $ 137   $ 49,903      
Issuance of stock and warrants from Private Placements, net of issuance costs, Shares         53,922,000   2,732          
Restricted stock awards, net of forfeitures 1,019     $ 1,019                
Restricted stock awards, net of forfeitures, Shares       353,768                
Ending Balance at Sep. 30, 2024 336,347     $ 300,763   $ 137   50,155   19,775   (34,483)
Ending Balance, Shares at Sep. 30, 2024       73,474,147   2,732            
Beginning Balance at Jun. 30, 2024 325,614     $ 300,976   $ 137   50,155   18,829   (44,483)
Beginning Balance, Shares at Jun. 30, 2024       73,503,647   2,732            
Net income (loss) 946                 946    
Other comprehensive income (loss) 10,000                     10,000
Issuance of stock and warrants from Private Placements, net of issuance costs     $ (326)   $ (326)              
Restricted stock awards, net of forfeitures 113     $ 113                
Restricted stock awards, net of forfeitures, Shares       (29,500)                
Ending Balance at Sep. 30, 2024 $ 336,347     $ 300,763   $ 137   $ 50,155   $ 19,775   $ (34,483)
Ending Balance, Shares at Sep. 30, 2024       73,474,147   2,732            
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.